Wall St. Watchdog reveals information about companies for which stock analysts either initiated coverage, resumed coverage, or reiterated their rating on the companies shares on September 8th.
SINA (NASDAQ:SINA): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Perform. No price target was given. About the company: SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.
Aradigm (ARDM): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $0.45. About the company: Aradigm Corporation is a specialty pharmaceutical company focused on the development and commercialization of drugs delivered by inhalation for the treatment of severe respiratory diseases by pulmonologists. The Company’s lead product candidate is the liposomal formulation of the antibiotic ciprofloxacin, which is delivered by inhalation for the treatment of infections associated with the severe respiratory diseases cystic fibrosis and non-cystic fibrosis bronchiectasis. In June 2008, the Company completed an open label, multi-center 14-day treatment Phase II a trial in Australia and New Zealand in 21 cystic fibrosis patients.
Techtarget (NASDAQ:TTGT): The Benchmark Company initiated coverage of this company with a rating of Buy and a price target of $8. About the company: TechTarget operates a portfolio of industry-specific portals. The Company’s portals deliver resources to information technology professionals within specific vertical market segments.
Approach Resources (NASDAQ:AREX): C.K. Cooper initiated coverage of this company with a rating of Buy and a price target of $30. About the company: Approach Resources Inc explores for and produces natural gas and crude oil.
Silicom Limited (NASDAQ:SILC): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $20. About the company: Silicom Ltd. designs, manufactures, markets, and supports Multi-Port Gigabit-Ethernet Server Adapters. The Company sells its Multi-Port Gigabit-Ethernet Server Networking Adapters (including its Bypass Adapters) mainly to original equipment manufacturers, or OEMs.
Cadence Pharma (NASDAQ:CADX): Canaccord Genuity resumed coverage of this company with a rating of Buy and a price target of $10. About the company: Cadence Pharmaceuticals Inc. is a biopharmaceutical company that develops drugs for use in hospitals. The Company produces intravenous APAP for the treatment of acute pain and fever, and omiganan for the prevention of intravascular catheter-related infections.
Urban Outfitters (NASDAQ:URBN): RBC Dain Rauscher reiterated its rating of Outperform and changed its price target from $35 to $33. About the company: Urban Outfitters, Inc. operates retail stores and direct response, including a catalog and Web sites. The Company’s Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise. Urban also designs and markets young women’s casual wear which it provides to the Company’s retail operations and sells to retailers worldwide.
Human Genome (NASDAQ:HGSI): RBC Dain Rauscher reiterated its rating of Outperform and changed its price target from $32 to $25. About the company: Human Genome Sciences, Inc. researches and develops proprietary pharmaceutical and diagnostic products. The Company’s products predict, prevent, detect, treat, and cure disease based on the discovery of human and microbial genes.
Westport Innovations (NASDAQ:WPRT): Northland Securities reiterated its rating of Outperform and changed its price target from $33 to $35. About the company: Westport Innovations Inc. is commercializing high pressure direct injection combustion technology. This technology allows diesel engines to operate on cleaner-burning gaseous fuels without sacrificing performance or fuel economy. The Company currently has an alliance with Cummins Engine Company Inc. and a development project with Ford Motor Company.
Lannett (AMEX:LCI): Oppenheimer reiterated its rating of Outperform and changed its price target from $7 to $6. About the company: Lannett Company, Inc. manufactures and distributes pharmaceutical products under its own trade name and under generic names. The Company also distributes competitive pharmaceutical products manufactured by other companies. The principal products include antifungals, antacids, dermatological preparations, and analgesic sedatives.
G-III Apparel (NASDAQ:GIII): Brean Murray reiterated its rating of Buy and changed its price target from $45 to $35. About the company: G-III Apparel Group, Ltd. manufactures and distributes leather and non-leather outerwear apparel. The Company has fashion licenses with Kenneth Cole, Jones Apparel Group, Cole Haan, and Timberland. GIII own labels GIII, Siena Studio, Colebrook & Co, JLC, JL Colebrook, and ColeB. G-III also has licensing agreements with the NFL, NHL, NBA, and MLB.
Turkcell (NYSE:TKC): HSBC Securities reiterated its rating of Neutral and changed its price target from $16.2 to $12.6. About the company: Turkcell Iletisim Hizmetleri AS (Turkcell) offers cellular telephone, voice and data communication services through its GSM network in Turkey. Turkcell serves its customer through regional offices, subscription centers, and TurkcellExtra shops across Turkey, and through its Internet store.
(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)
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